The NSW government has released the Real Estate and Property Services Industry Reform Paper that outlines plans for the state’s $15 billion real estate sector.
Lucy Turnbull's plan to tackle housing affordability
New district plans will require that land rezoned for higher density will allocate 5-10% of the extra floor space to low-income housing, reports the Sydney Morning Herald.
Australia needs a federal housing minister, whose sole responsibility is to address the housing shortage by developing policies with their state counterparts to fix the constraints on supply in most capital cities.
The reinstated Turnbull government should appoint a federal Minister for Housing to oversee housing affordability, supply and demand, foreign investment and property taxes, says LJ Hooker CEO, Grant Harrod.